SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?


To: John William Anderson who wrote (3387)6/30/1999 3:31:00 PM
From: Ian@SI  Respond to of 5482
 
I didn't even see a press release on this one...
From the 8K filed with Edgar today.

Item 5. OTHER EVENTS

On June 14, 1999, Kulicke and Soffa Industries, Inc. ("the Company") increased its ownership interest in Flip Chip Technologies, Inc. ("FCT"), the Company's joint venture with Delco Electronics Corporation, from 51% to 73.6% by converting all of its outstanding loans to FCT and accrued interest totaling $32,832,000, into equity units of FCT. See the Company's Form 10-K for the fiscal year ended September 30, 1998 for historical financial information of FCT.